Shearman & Sterling Advises Underwriters in Teck Resources Limited’s US$1 Billion Notes Offering

Shearman & Sterling represented J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as joint bookrunning managers, and CIBC World Markets Corp., Mizuho Securities USA Inc., RBC Capital Markets, LLC, UBS Securities LLC, Barclays Capital Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc., as co-managers, in connection with Teck Resources Limited’s US$1 billion offering of US$500,000,000 aggregate principal amount of 3.000% notes due 2019 and US$500,000,000 aggregate principal amount of 5.200% notes due 2042. The notes are fully and unconditionally guaranteed by Teck’s wholly owned subsidiary, Teck Metals Ltd.

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Goodwin Procter Expands White Collar Crime Practice with Addition of William Harrington in New York

Goodwin Procter, a national Am Law 50 firm, today announced that William J. Harrington has joined the firm’s Litigation Department in its New York office as a member of Goodwin’s White Collar Crime & Government Investigations Practice. Harrington joins Goodwin from the U.S. Attorney’s Office for the Southern District of New York where he served as an Assistant U.S. Attorney in the Office’s Criminal Division.  His notable cases at the SDNY included the conviction of investment advisor Kenneth Starr and his lawyer; the bribery convictions of former New York State Senator Carl Kruger and others; and work in the ongoing prosecutions of retired Long Island Railroad workers in a widespread disability and health care fraud scheme.

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Simpson Thacher Represents Initial Purchasers in ViaSat, Inc.’s $275 Million Senior Notes Offering

The Firm represented joint book-running managers J.P. Morgan, Credit Suisse and Morgan Stanley, and co-manager BBVA, in connection with the issuance by ViaSat, Inc. of $275 million aggregate principal amount of 6.875% Senior Notes due 2020.  ViaSat intends to use the net proceeds from the notes offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, which may include financing costs relating to the purchase, launch and operations of additional satellites or satellite capacity, potential acquisitions, funding subscriber acquisition costs, working capital or capital expenditures.

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Davis Polk Advises Citigroup in Connection with Eastman Kodak Company’s Debtor-In-Possession Credit Facilities

Davis Polk is advising Citicorp North America, Inc. as administrative agent and collateral agent, and Citigroup Global Markets Inc., as sole lead arranger and bookrunner, for the $950 million debtor-in-possession credit facility for Eastman Kodak Company. The credit facilities were approved by a final order entered by the U.S. Bankruptcy Court on February 16, 2012.

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Cozen O’Connor Adds SEC Litigator Joseph Dever to New York Office

Cozen O’Connor announced that Joseph Dever has joined the firm’s New York City office from the U.S. Securities Exchange Commission (SEC), where he served as assistant regional director in New York. Dever joins as chair of the firm’s securities litigation and SEC enforcement practice group. He will focus his practice on representing and counseling clients in connection with SEC, FINRA, and other government investigations and regulatory matters, and litigating private securities and shareholder disputes in state and federal court.

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Simpson Thacher Represents Barclays and JPMorgan as Lenders and as Financial Advisors to SBA Communications in its $1.1 Billion Acquisition of Mobilitie

The Firm is representing Barclays and J.P. Morgan as lenders and financial advisors to SBA Communications Corporation in its acquisition of Mobilitie. SBA intends to finance the transaction, valued at $1.1 billion based on SBA’s closing price of $46.27 on February 17, with $850 million in cash and approximately 5.3 million shares of SBA Class A common stock. The cash consideration will be paid with cash on hand and the proceeds of the loans under the existing credit facilities and $500 million of financing commitments from Barclays Bank and JPMorgan Chase Bank.

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Tags:  Simpson Thacher & Bartlett LLP | New York